Lean Ventures, Vivo Federation start $300 million Ripple Labs fund in South Korea

On Dec. 12, Lean Ventures agreed with NASDAQ-listed Vivo Federation to create a $300 million vehicle to acquire Ripple Labs shares, giving South Korean investors indirect exposure to XRP. The joint venture targets $75 million in net economic return over three years, and the partners claim investors may access Ripple and XRP exposure at a material discount to spot.